As part of our consistent efforts to create and nurture each Indian into becoming an informed investor and support their investment journey, we bring you another new feature – Indian Mutual Funds: The Month That Was – a monthly newsletter. This newsletter aims at providing updates on the changes in the mutual fund universe, Asset Management Companies (AMCs), their assets under management (AUM), schemes, ratios and their respective performances over various time periods.
Monthly data released by AMFI indicates that Average Assets Under Management (AUM) for September remained unchanged at Rs.27.74 lakh crore vs. Rs27.78 lakh crore in Aug 2020. Net flows for the month stood at Rs. (-)52,091 crore in comparison to only Rs. (-) 14,553 crore in the previous month.
Catch more of the insights at: https://fyers.in/mutual-fund-newsletter-september-2020/